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Feb 9, 2013 7:00pm EST
administration did raise the deficit, bigger deficits are bad but there was a rationale for a stimulus package. but the biggest message of the book to me as the author is a paradox of the private markets ran amok but pretty effectively to put things back on track but at the end of the day you witnessed a sharp backlash you call it a big government americans are against it. but there was a reason for the government intervention the likes we have not seen since the 1930's and it would have been a preview. nonetheless you did have a backlash against the government in general, president obama, it would have been against him him, against a democratic party more generally, the federal reserve, keynesian economics which i am perfect -- prepared to defend. but what both ended the of backlash period but my favorite cartoon from the crisis appears in "the new yorker" march 2009 and it shows a page set in in medieval castle courtyard and the king said is on the chopping block. wait stop government is the solution. not the problem. [laughter] that lasted about two or three months and then people started t
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